By Les Christie August 9, 2011: 1:58 PM ET NEW YORK (CNNMoney) — Any glimmer of hope that the housing market will stage a recovery in the upcoming months has vanished, thanks to the recent spate of bad economic news that has been making headlines over the past several weeks. According to the latest analysis of …
Read more »By Les Christie August 10, 2011: 12:17 PM ET NEW YORK (CNNMoney) — Housing markets struggled through another tough quarter, this time during the spring buying season, the strongest time of year for home sellers. Prices of existing homes fell 2.8% in the three months ended June 30 compared with the same period in 2010, according …
Read more »By Les Christie August 11, 2011: 11:08 AM ET NEW YORK (CNNMoney) — Foreclosure filings dropped once again in July, hitting their lowest level since November 2007, as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes. Filings were down 4% compared to June and were 35% lower than …
Read more »By Les Christie August 11, 2011: 3:17 PM ET NEW YORK (CNNMoney) — Just when it seemed mortgage rates weren’t going to get any lower, they started testing new lows. In the tumultuous days following Standard & Poor’s debt downgrades, rates on 30-year fixed mortgages fell to 4.32%, down from 4.39% last weekand closed in on …
Read more »Should You Try to “Time the Market”? One problem with attempting to time your purchase to the business cycle is that no one can accurately predict the future. Another challenge is that interest rates are generally higher during a depressed market and income may not be keeping up. For that reason, fewer people can qualify …
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